After huge fluctuations, the Indian stock market finally registered a strong rise on Tuesday. Despite the decline and pressure seen at the beginning of the trading session, the Sensex witnessed a spectacular improvement of more than 650 points from the low levels. On the other hand, the main index of National Stock Exchange Nifty also managed to close beyond the very important level of 22,450.
Investors buy amid global challenges
Market investors are keeping a close eye on the ever-growing geopolitical tension in West Asia and its impact. Rising international crude oil prices also affected the market mood. Along with this, higher than expected retail inflation data has strengthened the fears of another increase in interest rates in the coming times. However, despite all these global and domestic adversities, the Indian equity market closed in the green with a positive trend. In sector-wise performance, Nifty IT index led the way with a rise of more than two per cent. Apart from this, buying was also seen in shares of banking, financial services, FMCG and realty categories.
Pressure continues in these areas and sectors
Selling pressure was also clearly visible in some sectors amid the omnipresent bullishness in the market. Nifty Media, Midsmall Healthcare, Pharmaceuticals and Overall Healthcare indices closed in the red with losses. Apart from this, slight softening was also recorded in the chemicals sector. This mixed trend of the market shows that investors are investing money in selected areas only. Strong performance mainly by IT and banking/financial stocks contributed to the recovery of the indices from lower levels.
condition of global markets
If we talk about Asian and international markets tokyo According to the time till 11:58 am, there was a soft atmosphere in most of the foreign markets. US S&P 500 futures fell 0.2 per cent, while Japan Topix index fell 0.5 percent. There itself, Australia The S&P/ASX 200 index slipped 0.2 percent. Other than this hong kong Hang Seng 0.9 percent more shanghai The composite weakened 1 percent. In European markets too, Euro Stoxx 50 futures were trading 0.4 per cent lower.
